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EXPERIMENTAL PROJECTED CAPITAL EXPENDITURE
BUILDINGS AND STRUCTURES
The projections for the building and structures asset class are very strong for the coming fifteen months and are the main driver behind the strength in the total Capex model. The projections indicate no signs of a weakening building and structures series.
EQUIPMENT, PLANT AND MACHINERY
The equipment, plant and machinery modelled projections suggest that the current March 2008 quarter turn in the series is only a slight adjustment with momentum to return in coming quarters before a possible shift in the series at the end of the next financial year.
The Mining industry has grown to record high levels over the past five years and the modelled projections suggest that this growth will continue to move beyond the $10,000m level by the end of the coming financial year.
The Manufacturing trend series has shown solid growth in the past three quarters after an extended period of decline in capital expenditure. The model is projecting that the rate of growth will not be sustained and will be replaced with a more moderate rise over the coming five quarters.
OTHER SELECTED INDUSTRIES
The Other selected industries series has been affected by the trend break applied between December quarter 2006 and March quarter 2007 and since that time the series has shown a large shift in level. Despite the March quarter 2008 showing a slight fall, the projections moving forward remain extremely strong.
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